Asset which will safe your deposit when everything is on fire💼 If you still think that Bitcoin is the most protective asset, then you are very much mistaken.
Yes, Bitcoin can help protect your funds from theft, seizure and other procedures that states may arrange.
But this asset is still too volatile and this volatility - is price to pay for complete safety of your funds.
In face of major macroeconomic problems in world, we are seeing how Bitcoin begins show weakness and how high-risk an asset it reacts very violently to outgoing negative macro data.
Also, once again we want to remind you of the high correlation of Bitcoin with the main index of planet SP:SPX . This index is now growing due to a small number of companies that are already very overbought by all indicators.
Therefore, a strong fall in crypto market and stocks is only a matter of time.
And in general, all assets will fall.
🔎 But there is one asset that will grow up!
And in current economic conditions, each more or less large deposit should have it at least 20% of deposit.
This asset is CURRENCYCOM:GOLD , which, in principle, we have already written about many times before.
We remind you that you can buy tokenized gold, ticker BINANCE:PAXGUSDT .
In the past 2022, gold was bought at a record pace by global central banks. Since it is the most liquid asset on the planet with a capitalization of more than 13 trillion dollars!
Of course, the largest buyers of this asset are clearly doing it for a reason.
📊 According to fundamentals, gold is ready for a new growth cycle 📈
Gold has almost 100% correlation with the dynamics of 10-year US bonds and dollar index (DXY).
The Fed has already reached the limit in raising rates.
This means that the yield on 10-year bonds will no longer grow (for gold, this opens the way above the historical maximum).
Of course, we will still see a local drop in gold, but the result is obvious. Gold will break through the three-year resistance level of $2074 and go to renew its highs.
🔽 Technically, gold continues to move within the medium-term upward channel and is already approaching the key resistance zone.
The indicators are already overbought and a bearish diver has formed. Therefore, when all markets fly down, it is worth starting to look for an entry point into PAXG tokenized gold, for those who dont yet have it in their portfolio.
Judging by the chart, minimum pullback target may be in region of $1800-1850 (-10%).
But this pullback is so small compared to the volatility in crypto market that it might make sense to take gold at current prices.
Write in the comments on what other assets you want to get an analysis!
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Protect
In less than half a day, I realized that silver still a scam!In search of a bottom in silver, I realized that protective actives will not protect anyone.
I looked at the historical chart of silver and was horrified.
The asset that can be bought during the great depression (if lived at that time) is gold and silver. Silver had its own hype in 1865. But before that, silver was worth the dollar, 1 dollar is one ounce. After the release, silver fell in price right up to the Great Depression and depreciated by 80%.
Since 1932, gold has made 83x, silver from the bottom until today 66x. But that doesn't mean you have to buy now. Indeed, since 1865, silver has grown in price only 5.5 times. It is absolutely clear that earlier silver and gold were beaten with money, then they lost their value, but through various crises they turned into a defensive asset, but again did not turn into money. On the contrary, people only began to understand at the beginning of the 20th century that value can beat not only in metals, but in stocks and other various assets. Perhaps this led to the Great Depression, too high hopes for the growth of the economy, caused that people began to buy new financial instruments in bulk. After that, it turned out that gold and silver still have some value as an asset when there is stagnation and no development. But look around, technologies are developing, innovations are being created every day. Maybe someday it will end, but definitely not today.
Now there is a distribution of precious metals, and gold and silver have huge cycles.
This is how I'm being clever after I realized from the chart that gold and silver can only protect against inflation in the LONG TERM. The key word is long term. And after such a gigantic growth, an ordinary correction can hit against the background of which no one will receive any protection from inflation, but only kills.
Because against the backdrop of an increase of 8000% since 1932, even 20% inflation looks ridiculous.
In such a situation, you can wait for growth indefinitely, and the loss is getting right now. What do we see. Only such an interpretation makes it clear that now is not the time to buy gold or silver in order to get rich next year.
Look at the chart for a potential gartley butterfly. Bottom-9. Bottom-9!
FING-B - VERY BEARISHI saw a post this morning on a Facebook post suggesting traders long here so I decided to develop my own chart. I find many traders miss out on a critical point of analysis when trading; what is the current trend? Hint: you cannot find the current trend from any time frame below the daily...
My play here would be to short anything below 11, s/l at 12, and a t/p at 5: risk reward 6:1.
Regardless I would suggest looking for alternatives as the majority of good short entries have now gone.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Green & Red lines indicate t/p.
White lines are fib channels.
White dotted lines are fractals.
The arrows indicate the overall trend.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
BTC/USD - WE ARE GOING TO THE MO---- wait a second...Played around with the fib channels on the largest time frame I could find on TV and guess what, it does not look good from here. This chart is telling me to short until
1.5k. The tether news is causing a lot of speculation. This is exactly the time not to try to make assumptions of what might be going on, in terms of the news, and instead check your chart to make sure you understand the overall trend. By this I mean get the biggest time frame you can find and chart it. I hope this chart doesn't play out, but its better to be defensive when trading in my opinion. I heard a great quote today: "once you stop losing money you'll start making money". Good luck everyone.
Target 1: $1500
The red line indicates my target.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
Litecoin: LTCUSD Use a stop here to protect longsLitecoin. LTCUSD
Bitcoin's failure has washed over into all the Alts but Litecoin
has not suffered as badly as others, so far...if that's to remain
the case then support at 245 must continue to hold here
during the course of today (stops for longs need to be only 3
points or so under here) for any failure to hold will tip
Litecoin into the hands of the bears who will force price back
to 208 at least, if not back to 173 before releasing their hold.
Use a stop (in head) here or an alert. Better safe than sorry
BTGUSD: raise stops here/trail under dynamicBTGUSD
After losing the dynamic support yesterday BTG fell away to
probe structure to its left and leaving pin bars of buying
intent at 240 but never quite struck the support at 235
before bouncing away again - creating a new dynamic support
line under the day's lows, like yesterday.
Still grinding higher but meeting quite heavy selling and
now pin bars of resistance from 290 . Still a good strategy
to run a trailing stop under the dynamic and maybe stick a
limit order between 294-299, looking to buy back at 282.
Bitcoin: BTCUSD Stops need raising to protect weekend gainsBitcoin Update
Don't want this to turn over here now before China opens
but it could do without some buying power from 7460 level
to hold it up and then propel it through to a new high.
Want to protect gains by raising stop to just under 7450 on
at least half the position, if not all, according to risk profile.
Ideally it will trade sideways between high and 7460 and
then China could arrive to propel it substantially higher.
However it will need that power to take it higher from here.
So just in case it doesn't arrive, and it can only be deemed
50/50 chance in reality, we should protect the 400 points
made so far this weekend just in case the Chinese don't
come in to keep momentum going.
Also need to remain aware of just how high this has risen
and therefore just how low it could fall when buying power
wanes again. probably back to 6312, if not to 6165. If it
does we need to be flat and ready to buy again from lower
down. If 7450 gives way day traders will step in on short
side with stops above 7460 looking to drive prices lower still.
